Decibel Cannabis Balance Sheet Health
Financial Health criteria checks 4/6
Decibel Cannabis has a total shareholder equity of CA$42.9M and total debt of CA$40.3M, which brings its debt-to-equity ratio to 93.9%. Its total assets and total liabilities are CA$137.1M and CA$94.2M respectively. Decibel Cannabis's EBIT is CA$5.6M making its interest coverage ratio 1.8. It has cash and short-term investments of CA$5.6M.
Key information
93.9%
Debt to equity ratio
CA$40.28m
Debt
Interest coverage ratio | 1.8x |
Cash | CA$5.58m |
Equity | CA$42.91m |
Total liabilities | CA$94.20m |
Total assets | CA$137.10m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DBCC.F's short term assets (CA$73.8M) exceed its short term liabilities (CA$55.4M).
Long Term Liabilities: DBCC.F's short term assets (CA$73.8M) exceed its long term liabilities (CA$38.8M).
Debt to Equity History and Analysis
Debt Level: DBCC.F's net debt to equity ratio (80.9%) is considered high.
Reducing Debt: DBCC.F's debt to equity ratio has increased from 0.4% to 93.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable DBCC.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: DBCC.F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 26% per year.